There is definitely a lack of inventory in the 400-600k range, at least in this area. Any average home that goes on the market has 40 cars at the open house and it’s gone for 50k over asking in hours.
It’s amusing to see the approximate value of our house now vs 2019 when we bought, but we are in no real position to leave now, plus, unless you can wait it out, your buying back in at the top of the market, so it’s a wash.